Standex International (NYSE:SXI) Stock Price Down 9.3% on Disappointing Earnings

Standex International Corporation (NYSE:SXI)’s share price fell 9.3% during trading on Friday following a dissappointing earnings announcement. The stock traded as low as $249.13 and last traded at $247.6270. 54,467 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 171,762 shares. The stock had previously closed at $273.00.

The industrial products company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a net margin of 6.20% and a return on equity of 14.29%. The company had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $225.16 million. During the same period last year, the business earned $1.95 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 8th. Standex International’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SXI. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Monday, April 20th. DA Davidson increased their price objective on shares of Standex International from $298.00 to $323.00 and gave the company a “buy” rating in a report on Monday, April 20th. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Finally, Roth Mkm increased their price objective on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Insider Buying and Selling at Standex International

In related news, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the transaction, the director directly owned 12,666 shares of the company’s stock, valued at approximately $3,293,160. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vineet Kshirsagar sold 400 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the completion of the transaction, the insider directly owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This trade represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,063 shares of company stock valued at $4,114,860. 2.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SXI. Financial Consulate Inc. purchased a new position in shares of Standex International in the third quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in shares of Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Standex International in the third quarter valued at $28,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Standex International in the first quarter valued at $29,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Stock Performance

The company has a market capitalization of $3.03 billion, a P/E ratio of 54.49, a P/E/G ratio of 3.23 and a beta of 1.11. The business has a 50-day moving average of $261.63 and a 200-day moving average of $246.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10.

About Standex International

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.